Swing Loan definition

Swing Loan has the meaning specified therefor in Section 2.3(b) of the Agreement.

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Swing Loan means any loan made by the Swing Line Lender under the Swing Line Facility pursuant to Section 2.04.

Swing Loan has the meaning specified in Section 2.3 (Swing Loans).

Examples of Swing Loan in a sentence

• Swing Lender shall not otherwise be required to determine whether the applicable conditions precedent set forth in Section 3 have been satisfied on the Funding Date applicable thereto prior to making any Swing Loan.

• Subject to the provisions of Section 2.2(d)(ii), Swing Lender shall not make and shall not be obligated to make any Swing Loan if Swing Lender has actual knowledge that (y) one or more of the applicable conditions precedent set forth in Section 3 will not be satisfied on the requested Funding Date for the applicable Borrowing, or (z) the requested Borrowing would exceed the Availability on such Funding Date.

• Each Swing Loan shall be deemed to be an Advance hereunder and shall be subject to all the terms and conditions (including Section 3) applicable to other Advances, except that all payments (including interest) on any Swing Loan shall be payable to Swing Lender solely for its own account.

• Unless otherwise agreed by Agent and Borrower, any Advance or Swing Loan requested by ▇▇▇▇▇▇▇▇ and made by Agent or the Lenders hereunder shall be made to the Designated Account.

More Definitions of Swing Loan

Swing Loan and “Swing Loans” each is defined in Section 1.7 hereof.

Swing Loan has the meaning set forth in Section 2.3(d)(i).

Swing Loan means a loan that shall be denominated in Dollars made to US Borrower by the Swing Line Lender under the Swing Line Commitment, in accordance with Section 2.2(c) hereof.

Swing Loan means a Loan made by Wachovia pursuant to Section 2.01(b), which must be a Base Rate Loan or a Transaction Rate Loan.

Swing Loan is defined in Section 2.16.

Swing Loan has the meaning set forth in SECTION 2.3(d)(i).

Swing Loan has the meaning specified in clause (i) of subsection 1.1(c).